Reserve Bank Deputy Governor appointed

Release date

16 February 2007

Grant Spencer has been appointed
Deputy Governor of the Reserve Bank, Reserve Bank Governor Alan Bollard
announced today.

Dr Bollard said Mr Spencer's appointment was approved by the Reserve
Bank Board on 15 February, and is effective immediately. The appointment
follows the recent departure of Adrian Orr to take up the role of Chief
Executive of the Guardians of the New Zealand Superannuation Fund.

Mr Spencer is currently Head of Economics, but will leave that role to become
Head of the Financial Stability Department on 2 April 2007.

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